CTHRepealedAct
Securities Industry Act 1980
59GAgreement unenforceable against client
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##### 59G Agreement unenforceable against client
(1) This section:
(a) applies while both of the following are the case:
(i) the client is entitled to give a notice under section 59C;
(ii) a notice so given will result under section 59D in rescission of the agreement; and
(b) applies after the agreement is rescinded under section 59D;
but does not otherwise apply.
(2) The non‑licensee is not entitled, as against the client:
(a) to enforce the agreement, whether directly or indirectly; or
(b) to rely on the agreement, whether directly or indirectly and whether by way of defence or otherwise.